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Northland Double Downgrades DraftKings Inc. (DKNG) to Underperform Following 11pct Drop Yesterday

October 1, 2025 7:37 AM EDT

Northland analyst Greg Gibas downgraded DraftKings Inc. (NASDAQ: DKNG) from Outperform to Underperform with a price target of $33.00.

The analyst comments "We are downgrading to Underperform to reflect the increasing headwind that prediction markets like Kalshi and Polymarket represent. While there's been... More